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4 Stocks Pushing The Metals & Mining Industry Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

One out of the three major indices are trading up today with the
Dow Jones Industrial Average (
^DJI) trading down 9 points (-0.1%) at 12,786 as of Tuesday, Nov. 20, 2012, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,471 issues advancing vs. 1,424 declining with 128 unchanged.

The Metals & Mining industry currently sits down 0.3% versus the S&P 500, which is up 0.0%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4.
Tenaris (
TS) is one of the companies pushing the Metals & Mining industry higher today. As of noon trading, Tenaris is up $0.38 (1.0%) to $38.50 on average volume Thus far, 759,714 shares of Tenaris exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $37.98-$38.61 after having opened the day at $38.14 as compared to the previous trading day's close of $38.11.

Tenaris S.A., through its subsidiaries, engages in the manufacture and sale of steel pipe products. Tenaris has a market cap of $22.1 billion and is part of the basic materials sector. The company has a P/E ratio of 33.2, above the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Tenaris a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Tenaris as a
buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full
Tenaris Ratings Report now.